Shiba Inu (SHIB) Elon Musk Fomo Chart ExplanationShiba Inu (SHIB) Elon Musk Fomo Chart Explanation With Well Accumulation Period
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$DOGE to $1 for the memes, for financial freedom. fib levels, repeated fib channels for fun, parabolic steps.
Cardano on the way of 3rd wave of Elliottafter breaking the descending trend Cardano could continue the 3rd wave till $5.5 with two resistances on the way.
tp1=2.6 C=$1.77
tp2=1.6 A=$2
tp3=2 A=$5.5
from $2.8 to $250we have a Gartley harmonic pattern of the 2nd wave of Elliott with three targets:
tp1=$4.6
tp2=$3.6
tp3=$2.8 *more likely because the 2nd wave could form butterfly pattern with ABC and the 1st wave with $250 target*
Fubo could have a positive reaction to 55 day moving averageI've been hoping that Fubo remains above the 99 days moving average and doesn't get bearish cause I saw Fubo for the first look a bat but today I see a crab!
crab harmonic pattern:
CD=1.6 XA=$6.7
or
CD=2.6 BC=$5
or
CD=3.6 BC=$2
I see the left-wing of the butterfly!37$ could be the end of the 4th wave of Elliott.
butterfly harmonic pattern:
AB=0.78 XA=$37
BC=0.88 XA=$90
CD=1.6 BC=$20
the best short opportunity of all the markets!$0.14 was the end of the game. take a short position if you want to be a rich guy.
Blackberry is a shark!four targets possibility with shark harmonic pattern:
AB=0.38 XA
BC=1.6 AB
CD=0.88 XA=$52
or
CD=1.6 BC=$59
or
CD=1.13 XA=$96
or
CD=2.24 BC=$193
The key levels on the path of the slideshark pattern:
AB=0.61 XA
BC=1.6 AB
CD=1.6 BC or 2.24BC
DE=0.38 CD or 0.61 CD
The key levels on the path of slideshark harmonic pattern:
AB=0.38 XA
BC=2.24 AB *invalid*
CD=1.6 BC or 2.24 BC
DE=0.38 CD or 0.68 CD
butterfly could shift to cypher patternAs long as it is not more than 200, it is suspicious of the head and shoulder pattern with a short-term target of 34$, and if it goes above 250, the butterfly pattern could shift to the Cypher pattern with a target between 560 to 700 and then falls to 5$.
BULLISH ON XRP based on this simple chart if xrp hits peak of the Fibonacci retrace we could see a price in the range of 10$ to 13.80$. but first we need to hold these prices and cross the .51 and .78 cent range shown on chart. If we do sky is the limit (13$) and a good exit point if you want to play it safe would be 6$ to 8$ IMO.
disclaimer: (this is not financial advice this is just my personal opinion)
Rejected off fib - Bad business - way overpricedIt's in a major support zone, also meaning major resistance, EV hype is dying, Elon in trouble for his tweets and crypto again, Tesla is only profitable from carbon credits. Everyone is making AI EV cars now, investing in Tesla is investing in Elon not the company.
Tesla fair value <55. Probably consolidate to 300, if it breaks through the support.
When the final institutional bears surrendered and raised the target, is when you should've known Tesla had ran too long.
Insane price - more than 2 of the largest publishers combined45bn makes it more expensive than Electronic Arts and Ubisoft combined. Look at the market cap! Look at revenue! Don't look at share price! Fundamentals matter, the industry matters, the competition matters!
In no way does the fundamentals make sense for the market.
Roblox 1.5bn revenue, EA 5.5bn/yr, Ubisoft 1.7bn/yr.
Take-Two Interactive Software, Inc with a market cap of 18.984B, has the highest grossing game of all time , some of the greatest IP, many partnerships with sports . 3bn revenue/yr.
I explained, Roblox is now a public company, to my brother, and he could buy it with his allowance, and he could be rich if the company gets more players... He plays roblox all the time. He said people will stop playing it in a couple years probably, and it's too hard to setup where as something like minecraft you can just play. A consistent game where you can code stuff, or you can just play.
If you're a gamer and you've seen roblox, it's lesser of a game than Garry's mod.
Minecraft sold for 2.5bn to Microsoft. Roblox being 45bn makes no sense. It's a single SKU business.
At current prices, Roblox is a meme stock for boomers who know nothing about the industry, they just see their grand kids play the game and blind people who think the share price matters... I've seen a penny stock with a market cap of a bn, the company does literally nothing, people just see "oh it's a penny it will go up eventually]. Not looking at the Market Cap. That company just had a 7m share split, the split was 50x 70x 20000x.
Overpriced - insane price - more than 2 of the largest publisher45bn makes it more expensive than Electronic Arts and Ubisoft combined.
In no way does the fundamentals make sense for the market.
Roblox 1.5bn revenue, EA 5.5bn/yr, Ubisoft 1.7bn/yr.
Take-Two Interactive Software, Inc with a market cap of 18.984B, has the highest grossing game of all time , some of the greatest IP, many partnerships with sports . 3bn revenue/yr.
I explained, Roblox is now a public company, to my brother, and he could buy it with his allowance, and he could be rich if the company gets more players... He plays roblox all the time. He said people will stop playing it in a couple years probably, and it's too hard to setup where as something like minecraft you can just play. A consistent game where you can code stuff, or you can just play.
If you're a gamer and you've seen roblox, it's lesser of a game than Garry's mod.
Minecraft sold for 2.5bn to Microsoft. Roblox being 45bn makes no sense. It's a single SKU business.
At current prices, Roblox is a meme stock for boomers who know nothing about the industry, they just see their grand kids play the game and blind people who think the share price matters... I've seen a penny stock with a market cap of a bn, the company does literally nothing, people just see "oh it's a penny it will go up eventually]. Not looking at the Market Cap. That company just had a 7m share split, the split was 50x 70x 20000x.
ridethepig | TSLA on the Fairway📌 ridethepig | TSLA on the Fairway
An illustration of the consequences when surrendering the support and when your opponent grabs the break.
It's trailing time for those who have been following the surrender. In order for us to execute more on the position I will want to see a final break of the temp lows, in order to somehow catch one final momentum play.
Sellers are clearly on the fairway and this swing has been a very large one.
An express train!
With simultaneous plays down to structural support -40% from the highs, breaking through is an extreme. I expect 330 will be the final destination here unless buyers manage to somehow bring in more resources. A quick leg down before finding a base? Smells like it.
Thanks as usual for keeping the feedback coming 👍 or 👎
